Boskalis buys another 5% of Fugro

Dredging and marine contractor Boskalis Westminster has increased its stake in geotechnical and subsea engineering company Fugro to 20.01%. The move follows the acquisition of a 15% stake in the company in November.

As at the time of the initial investment in Fugro, Boskalis was once again at pains to emphasise that it does not plan to take over the company. “Boskalis stresses that this is not a step towards making an offer. Boskalis views Fugro as an interesting company with strong market positions in its core activities,” said a company statement.

The statement continued, “The strategy of Boskalis is focused on offshore and (maritime) infrastructure, making use of the combination of high end know-how and maritime assets. This fits very well with the activities of Fugro. The two companies have a lot in common in the area of assets, knowledge, capital intensity, global coverage, client base and are both global leaders in niche markets.”

Fugro, which describes itself as, “The world’s largest integrator of geotechnical, survey, subsea and geosciences services.”